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Once you turn 60, your perspective gets different, and you want to be in a place where, if there is another downturn, you can recover from it. Those words were from William Shoppoff, CEO and president of Shopoff Realty Investments LP, at the Crittenden Conference last week.
Are cap rates on value-add deals coming down? That was one of the many topics of discussion at the recent Crittenden National Real Estate conference this week.
At the Crittenden National Real Estate Conference yesterday, panelists fear rising construction costs, rent control for California and a supply constrained market, but say housing cycle could go much longer this go around.
With the increase in supply for multifamily product, property managers are finding unique ways to curb competition at the property level to drive value for owners.